{"id":321909,"date":"2024-05-08T07:09:41","date_gmt":"2024-05-08T06:09:41","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=321909"},"modified":"2024-05-08T07:09:41","modified_gmt":"2024-05-08T06:09:41","slug":"efcc-intensifies-crackdown-on-abuja-bdc-operators","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/05\/08\/efcc-intensifies-crackdown-on-abuja-bdc-operators\/","title":{"rendered":"EFCC Intensifies Crackdown on Abuja BDC Operators"},"content":{"rendered":"<ul>\n<li><strong>EFCC conducts further crackdown on Abuja BDC operators amid naira depreciation, part of government&#8217;s efforts to stabilize currency value<\/strong><\/li>\n<li><strong>Recent reports highlight increased pressure on naira by forex and digital market speculators, leading to intensified EFCC operations<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>On Tuesday, the Economic and Financial Crimes Commission (EFCC) continued its crackdown on Bureau De Change (BDC) operators in Abuja amidst the persistent naira depreciation against the dollar.<\/p>\n<p>These raids are part of the federal government&#8217;s and the Central Bank of Nigeria&#8217;s (CBN) ongoing efforts to address the naira&#8217;s downward spiral.<\/p>\n<p>Recent reports highlighted how speculators in the forex market and digital marketing sphere have intensified pressure on the naira.<\/p>\n<p>Last week, the EFCC arrested and paraded over 20 BDC operators, accusing them of collaborating with currency speculators to undermine the value of the naira.<\/p>\n<p>Confirming the latest raid, a <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/02\/24\/cbn-introduces-stricter-measures-for-bdcs-imposes-n2bn-licence-fee\/\">BDC<\/a> operator in Wuse Zone 4, Abuja, disclosed anonymously that EFCC operatives had once again apprehended some operators.<\/p>\n<p>\u201cThey were here again. They\u2019ve taken away some people,\u201d the BDC operator informed Daily Trust over the phone.<\/p>\n<p>In response to inquiries, EFCC spokesperson Dele Oyewale described the raids as part of an ongoing operation.<\/p>\n<p>\u201cThe exercise is a continuous one. So, if our officers are there, I don\u2019t think they are in a wrong place,\u201d Oyewale stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFCC conducts further crackdown on Abuja BDC operators amid naira depreciation, part of government&#8217;s efforts to stabilize currency value Recent reports highlight increased pressure on naira by forex and digital market speculators, leading to intensified EFCC operations On Tuesday, the Economic and Financial Crimes Commission (EFCC) continued its crackdown on Bureau De Change (BDC) operators [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":236950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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